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Ukrainian ministry carries out first blockchain transactions

Ukrainian ministry carries out first blockchain transactions

Sep 07, 2017

www.reuters.com

Ukraine’s justice ministry carried out trial auctions using blockchain technology for the first time on Wednesday, part of an effort to improve transparency in government transactions. The project is part of a broader drive by the Ukrainian authorities to modernize state institutions and eliminate corruption, in exchange for a $40 billion bailout from the International Monetary fund and other donors. In April, global technology firm the Bitfury Group announced it was working with Ukraine to put a wide range of government data on a blockchain platform - a ledger of transactions that permanently records and tracks assets or transactions.

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Ukraine's Government Plans to Auction Seized Assets On a Blockchain

Ukraine's Government Plans to Auction Seized Assets On a Blockchain

Sep 07, 2017

www.coindesk.com

Ukraine's justice ministry has begun testing the use of a blockchain to digitally auction seized assets, according to a report by Reuters. The use of the platform will expand as the year progresses, with an eye to implementing state property and land registries onto the blockchain by the end of the year. Towards this goal, the government has been formally partnered with blockchain firm Bitfury since April.

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Lightning Bank Ledgers? Bitfury and Ripple Demo New Twist on Bitcoin Tech

Lightning Bank Ledgers? Bitfury and Ripple Demo New Twist on Bitcoin Tech

Aug 17, 2017

www.coindesk.com

Bitcoin's much-anticipated Lightning Network is now compatible with seven different payment networks. Today, blockchain services firm Bitfury and payments network provider Ripple are releasing new code that makes it possible to conduct Lightning-style transactions across a range of both blockchain and legacy payment networks. While still in its early stages of deployment, it's believed the Lightning Network could one day expand bitcoin's capacity to millions of transactions by moving those transactions off of the main bitcoin blockchain.

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U.S. Blockchain Company in Tie-Up on Medical Artificial Intelligence

U.S. Blockchain Company in Tie-Up on Medical Artificial Intelligence

Aug 11, 2017

www.nytimes.com

The Bitfury Group has formed a partnership with Insilico Medicine, a Baltimore-based medical artificial intelligence (AI) firm, to create new applications for the healthcare industry using blockchain, Bitfury's chief executive officer said on Friday.

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Blockchain Summit Asks, How Can Bitcoin And Blockchain Technology Empower Women?

Blockchain Summit Asks, How Can Bitcoin And Blockchain Technology Empower Women?

www.forbes.com

When Roya Mahboob, 30, a serial entrepreneur from Afghanistan, began her startup, Women’s Annex, a platform for women to upload blogs and videos and be paid for views, the company found that paying the women didn’t empower them financially. While by law Afghan women could have bank accounts, their families didn’t want them to. “For one woman, her husband always hit her and took all the money from her,” said Mahboob, who then learned about Bitcoin and decided to begin paying the women with it. This is was one of the many powerful stories around the theme of women’s empowerment told last week during the Blockchain Summit sponsored by the Bitcoin mining and blockchain services firm Bitfury Group and venture capitalist Bill Tai, with special support from China Credit Fintech, on Sir Richard Branson’s Necker Island.

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Blockchain Summit Examines The Role Of Privilege In Spreading A Democratizing Technology

Blockchain Summit Examines The Role Of Privilege In Spreading A Democratizing Technology

Aug 04, 2017

www.forbes.com

Ever since Silicon Valley’s elite became interested in cryptocurrency, they have grappled with the question of how, in their quest to build these decentralized, blockchain-based systems that have the power to democratize society, they should manage their own privilege and influence.

That dilemma was in stark relief during last week’s Blockchain Summit, the most socially conscious and idealistically minded of all such conferences, which took place on Sir Richard Branson’s luxurious private island, Necker, in the British Virgin Islands.

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Necker Island Blockchain Summit Kicks Off With Doses Of Idealism And Realism

Necker Island Blockchain Summit Kicks Off With Doses Of Idealism And Realism

Aug 27, 2017

www.forbes.com

Many blockchain and crypto asset-focused conferences have an obvious financial focus. But the most idealistic and socially conscious of them, the Blockchain Summit hosted by the Bitcoin mining and blockchain services company Bitfury Group and venture capitalist Bill Tai, commenced Tuesday on Sir Richard Branson's private island, Necker, with a different bent. Before even arriving on the island, some attendees on the same flight dived right into discussions of how to use crypto tokens to create social good such as reducing air pollution.

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On Sir Richard Branson's Necker Island, Bitfury Hosts Third Annual Blockchain Summit

On Sir Richard Branson's Necker Island, Bitfury Hosts Third Annual Blockchain Summit

Jul 21, 2017

www.forbes.com

Hosted by blockchain services company Bitfury and its board member, venture capitalist Bill Tai, with special support from Credit China Fintech, this year’s summit on Necker Island features attendees from around the globe such as former Estonian president Toomas Ilves, renowned Peruvian economist Hernando de Soto, Afghan tech CEO Roya Mahboob and Greek European Parliament member Eva Kaili. “We’re trying always to invite the biggest thinkers of this world and discuss how we can use this technology to really do good,” said Bitfury chief executive Valery Vavilov.

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The Bitfury Group Successfully Tests Lightning Network Transaction Using Current Bitcoin Protocol

The Bitfury Group Successfully Tests Lightning Network Transaction Using Current Bitcoin Protocol

Jul 20, 2017

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The Bitfury Group, the world’s leading full-service Blockchain technology company, announced today that its developers have successfully tested the Lightning Network on the main Bitcoin network. Committed to the success of the Lightning Network and the wider Bitcoin ecosystem, Bitfury engineers have been conducting research and carrying out tests to perform Lightning transactions using the current Bitcoin protocol. After much research, the Bitfury team succeeded in sending a real-time bitcoin transaction on the Lightning Network, which can be seen in a video demo.

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SegWit or Not, Bitfury is Ready for Lightning With Successful Bitcoin Main Net Test

SegWit or Not, Bitfury is Ready for Lightning With Successful Bitcoin Main Net Test

Jul 20, 2017

bitcoinmagazine.com

While Segregated Witness (SegWit) activation is looking more likely by the hour, Bitfury is getting ready to deploy a version of the Lightning network with or without the protocol upgrade. The blockchain technology company, perhaps best known for its Bitcoin mining pool of the same name, successfully sent real bitcoins over a test version of the Lightning Network this week. Interestingly, Bitfury’s implementation of the technology is compatible with the current Bitcoin protocol and is therefore functional even without SegWit.

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